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How to use Multi Timeframe Indicators & How you will use it? 0 replies
How to properly use Technical Analysis 137 replies
What indicators do Hedge Funds use or do they even use one? 12 replies
Custom Indicator not Drawing Properly? 0 replies
DislikedP.S. If, in addition to this, one had a systematic way of adding to positive trades i.e. making a bigger bet when one is right than when one is wrong (see examples here or here, or just in my previous example adding to trade above every time there's a lower high+indicator cross and shifting the s/l so that risk reduces), I'd think it would be very difficult to lose. All the best, kIgnored
Disliked{quote} Thanks for pointing to the thread/post. Will definitively read it!Ignored
Disliked{quote} Often when I enter on retracements they turn out as reversals.Ignored
QuoteDislikedThe question is, how to spot/quantify/identify the potential of a retracement going back to trend direction or reversing.
DislikedIf you have this handy, how it will turn you into a better trader? Asking just to see what is your plan? Imagine you have it? What's next? What's your plan, if entry goes wrong? Constructive questions. Maybe can help, not sure...Ignored
Disliked{quote}If we have a tool to measure the strength and direction of wind, we can sail with prize if that wind is strong enough. If not, it would be good to don't enter (although a usual indicator would indicate to do it).Ignored
DislikedNow, use a MA from that fixed/constant start date/time/candle... MA(10) on the close of 11th candle, MA(11) on the close of 12th candle, MA(12) on the close of 13th candle etc on the chosen timeframe.Ignored
Disliked{quote} Ok, here you go (although I've already repeatedly mentioned it. While studying the charts with CPs influx indicator where he marked entries/exits, I made the this observations: Whenever the longer-term momentum breaks out together with the short-term momentum and both momenta are above its average, then there seems to be a good chance to obtain some further prize movements in this direction. If the short-term momentum retraces while the long-term momentum is still outside the "ranging" boundaries, there is a good chance to see a continuation...Ignored
DislikedInteresting thread. I would make one (sorry if it is too obvious!) point about the price chart itself. For visibility of this, it is good to use the line chart with added SMA(period=1, price=high), and SMA(period=1, price=low). Your moving averages then just mark High and Low of any particular candle. 1. Price moves in a uptrend typically such that its Close is near the High. 2. Price moves in a downtrend typically such that its Close is near the Low....Ignored
Disliked{quote} Donchian channel for example inherits this property of the price movement, notice the "spread widening" and "slingshots" at the end of every directional price move. Cheers, k {image}Ignored
Disliked{quote} Nice thread AntiCre ! Do you mean the dot line is the average of the solid line ? In this case, there are 2 solid lines using different period (back bars), and 2 dot lines, and each of them is the average of its own solid line. For averaging, which method will we use ? SMA, EMA, SMMA, LWMA or may be non lag MA ? Gracias !Ignored
DislikedFor visibility of this, it is good to use the line chart with added SMA(period=1, price=high), and SMA(period=1, price=low). Your moving averages then just mark High and Low of any particular candle.Ignored
Disliked{quote} most of the time price will be inside the channel (BB and/or Donchian)...Ignored
QuoteDislikedi read some where at Sim thread, around 95% price will be inside BB.
QuoteDislikedSo, the idea is to trade counter trend
QuoteDislikedFrom point (1) above, does it mean that we will prepare a buy order, because close price is near the high (trending is up at the moment) ?
Disliked{quote} Like this?.. but I just took a countertrend trade. How? H1>M30>...>M1 gave Countertrend signal and D1>H4 gave trend following. no channels, no bands, no stocks, no indicator, just PA connecting 'dots' on candle close :-Ignored
Disliked{quote} Good idea kprsa ... one thing i am still not clear here, i have read a post at penguintraders.com : most of the time price will be inside the channel (BB and/or Donchian)... I have no statistic data on this, but i read some where at Sim thread, around 95% price will be inside BB. So, the idea is to trade counter trend, in the meaning that if price goes out of upper channel, we will sell ... predicting that price will come back down to the channel ... From point (1) above, does it mean that we will prepare a buy order, because close price...Ignored
Disliked{quote} I always amuse myself big time when I see some priceless information posted here and nobody notices it, including the German scientists! Thanks to Mr. Despacito7 I saw your post KPRSA. Unbelievable! I can tell you why they will always miss it, cause they expect to buy when there is a quadruple confirmation from the four most trusted indicatorsIgnored